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PACIFIC RESOURCES LIMITED M&A Activity 2013

May 5, 2013

65638_rns_2013-05-05_2f52ef4f-f5c6-42f0-a7d6-8456790c509b.pdf

M&A Activity

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06 May 2013

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ASX ANNOUNCEMENT

WHOLE-OF-COMPANY TRANSACTION – DEPOSIT CONFIRMED

COALBANK LIMITED ( ASX: CBQ , COALBANK or the Company) confirms that, in accordance with the binding Scheme Implementation Agreement regarding a whole-of-company transaction announced on 26 April 2013, the Company has received the deposit from Loyal Strategic Investments Ltd.

The Company is now preparing for remaining due diligence and the appointment of independent experts for the preparation of a Scheme Booklet for consideration by shareholders.

Further information:

Bruce Patrick Greg Baynton CEO, Deputy Chairman COALBANK Limited COALBANK Limited Telephone +61 7 3229 6606 Telephone +61 7 3229 6606

COALBANK LIMITED ABN 20 075 877 075 Level 1 101 Edward Street Brisbane Queensland 4000 � GPO Box 762 Brisbane Queensland 4001 Australia T +61 7 3229 6606 � F +61 7 3221 6625 � [email protected]www.coalbank.com